If you are 70 1/2 years old or older, the IRS requires you to start withdrawing from most types of tax-advantaged retirement accounts. You must also take Required Minimum Distributions (RMDs) from retirement accounts you inherit. For most people, the deadline for taking an RMD is December 31. If you miss the deadline or take less than you’re supposed to, you could be subject to a tax penalty.
To avoid this penalty, you can donate your RMD to House of Refuge. Qualified charitable distributions (QCDs) won’t be added to your taxable income for the year, potentially saving you money in taxes.
Learn more about RMDs and charitable donations here.
Donate Your Required Minimum Distribution to House of Refuge
If you want to direct a portion of your RMD as a charitable donation to House of Refuge, tell your financial advisor/IRA custodian or email Annette Sellers at email@example.com. House of Refuge’s tax ID is 86-0662244. Distributions can also be mailed to:
House of Refuge
6935 E. Williams Field Road
Mesa, Arizona 85212